The Latest Breaking News from Interest Rates

The president’s rattled the stock market Monday, with some bank and card issuer stocks falling anywhere from 3 percent to 10 percent in pre-market trading

The S&P 500 Index ($SPX ) (SPY ) today is down -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.27%. March E-mini S&P futures (ESH26 ) are down -0.22%, and March E-mini Nasdaq futures...

President Trump has long pressured Powell to cut the central bank’s interest rates

Strong resistance is anticipated from Wall Street and credit card companies

Critics express doubt president can implement such a move without approval from Congress

On Friday, President Donald Trump called for a one-year cap on credit card interest rates at 10%, effective Jan. 20.

Money moves quietly until someone whispers the magic—or terrifying—words: “interest rates.” Suddenly, everyday spending decisions start feeling monumental. That morning latte feels like a major budget choice. The idea of buying a car seems like launching a rocket.

A smart refinance can save you thousands, but only if you know how to avoid costly pitfalls, calculate true savings and choose the right loan for your goals.

The dollar index (DXY00 ) rallied to a 1-month high on Friday and finished up by +0.20%. The dollar found support from Friday’s mixed US payroll report, which showed payrolls rose less than expected but the unemployment rate ticked down and average hourly earnings rose more than expected, hawkish factors...